One of the world’s leading news platforms, Bloomberg, has expanded its cryptocurrency market coverage. Bloomberg’s financial and technical news arm included the top 50 digital assets in its coverage terminal.
Including more digital assets on the Bloomberg Terminal is a testament to the mainstream relevance that cryptocurrency attracts. Moreover, despite the doubts, governments and established firms are now willing to look at what the crypto industry has in store.
Alex Wenham, crypto product manager at Bloomberg, revealed that the global institutional interest in cryptocurrency is growing.
As more investors join the fray, they need a way to integrate crypto into their respective industries effortlessly and seamlessly. And the Bloomberg Terminal is the answer to this.
Bloomberg’s Expanding Crypto Coverage
As of 2018, there were only ten cryptocurrencies in the Bloomberg Terminal, including Bitcoin, XRP, and Ethereum. With the recent expansion, Bloomberg Terminal added 40 digital assets to the mix.
The expansion will enable institutions and financial experts to access real-time data and investment tips. Meanwhile, this signifies the most significant growth of its digit assets data since Bloomberg Terminal’s first BTC tracking began in 2013.
Bloomberg's market-leading coverage of cryptocurrency data on the Bloomberg Terminal has been expanded to include the top 50 crypto assets, including Bitcoin, Ethereum, Binance Coin, XRP, Solana and more. https://t.co/NknHawFOez
— Bloomberg Terminal (@TheTerminal) June 9, 2022
Commenting on the expansion, the co-creator of the Three Arrows Capital, Su Zhu, noted that the new addition to the terminal is refreshing.
In a posting on his Twitter handle, Zhu added that Bloomberg did an excellent job of linking the latest addition to their respective whitepapers. This will further provide more insights for users to assess.
Moreover, as crypto adoption increases among institutional players and companies, the need for accurate data is never in doubt. Bloomberg has been at the forefront of providing groundbreaking metrics to help individuals and institutions assess their choice.
However, the coverage was not broad enough to accommodate other digital currencies, hence the latest development. In the meantime, access to real-time crypto data will be seamless and efficient for both institutions and investors.
By doing this, Bloomberg Terminal brings unrivaled information about cryptocurrency close to users who need it the most. And by expanding its coverage of digital assets, it is preventing users from accessing inaccurate market data and analysis from unproven sites.
About Bloomberg Terminal
Bloomberg Terminal is a crucial tool for experienced investors and institutions in that it provides insights and analysis on various digital tokens. In addition, it allows users to make informed decisions on where to trade or invest in the crypto market.
Moreover, Bloomberg stated that seasoned analysts vet assets on the terminal via a data-driven process. This ensures that any approach employed aligns with the cryptocurrency market direction.
Users can also access the daily pricing model for all cryptocurrencies tracked on the terminal. Investing has never been easier for individuals and businesses, and the expansion of the terminal will address this.
Furthermore, adding several cryptocurrency assets to the Bloomberg Terminal shows how the crypto industry has matured. Many institutions are now considering the opportunities available in the crypto market by developing platforms and making some gains.